The growing consumer awareness means that dishonest sellers are forced to go to the good side of power and limit their unethical practices. Companies, also in the finance and insurance sector, try to focus on how to best match their products to the expectations of customers. It’s no secret that only a satisfied customer will use the services of the same institution again. Everyone who feels disappointed or deceived will not only go to competition, but also, as often happens, will try to prove their rights in court. This is the result of unnecessary, profit-oriented activities that will negatively affect the company’s image. Let’s find out what misselling is and how to avoid it.

What is misselling?

Probably not many of us have ever had contact with this concept, but probably everyone got to know it from the practical side. Misselling, translated from English, is a mistake. It means that customers are sold products and services that do not match their needs, so they often pay more than they should.

It works a bit like selling telecommunications packages to the elderly. Some of them only need a subscription to digital TV. They are not interested in monthly internet access payments and paying landline bills, because the children bought them a cell phone. At the same time, they have difficulty refusing a consultant, which ends with signing a contract for all these services and spending money on products that will not be used.

Another example from the financial industry. Let’s say we are retired, but for some reason we don’t have creditworthiness, so we decide to pay for payday pay. In this situation, misselling will be selling us additional unemployment insurance (!) Or simply not informing us how a given financial product really works. The loan agreement will be signed, the consultant will receive a commission, and we will bear the consequences of such actions throughout the period for which we were granted the loan. Or longer.

Causes of misselling

Still very many salespeople look at the selling process in a short-sighted way. They are focused on quick profit, not on building valuable customer relationships that could result in an increase in their interest in company products. That is why we have to be especially careful wherever employees earn thanks to commissions. Most of them are focused on multiplying their own money and are not interested in what will happen to ours. The land for us to sign a credit insurance or loan agreement. Even if some agents or consultants try to act honestly, we must remember that a company may require them to meet certain monthly standards, which ends in exactly the same way: you must sell at all costs.

How to stop misselling?

To intensify these activities, e.g. effective sales trainings are organized, in which manipulation techniques are improved – thanks to them there is a chance that the customer will agree even to an unfavorable offer. All the more so because many of us read contracts inaccurately, because, after all, we assume that there is an honest person on the other side.

What’s more, we become victims of misselling because of our ignorance. We do not know what rights we have in connection with, for example, early termination of the loan agreement or submitting a complaint. In addition to supplementing this information, what else can we do to guard against misselling?

First of all, make informed decisions. It is a fact – agreements in loan companies and banks are written in a specialized language and often have the volume of a set of stories, but if we do not want to be cheated, we must grit our teeth and go through all the records contained in the documents. It is worth seeking advice on expert portals or using the services of a financial advisor – especially if a larger loan is involved.

Misselling in the light of the law

Misselling was once such a widespread phenomenon that decided to investigate. The practices used in the insurance and consulting services sector are examined. It turned out that as many as 20% of insurance agents sell (or at least offer) services to their clients that they do not need or even do not want.

The reason is the financial rewards we have already mentioned for sellers in exchange for the contracts signed. Interestingly, the study revealed that the problem of misselling largely affects people working within their own business. The larger the company, the lower the risk of falling victim to such practices. Researchers also warn against excessive trust in very young people – they are most prone to dishonest play.

The Office of Mango protection watches over the subject of misselling from the legal side. Last year, an amendment to the Act entered into force, which introduced a ban on the use of missellig – thanks to which sellers are obliged to offer customers services tailored to their needs and capabilities. Verification takes place, among others through the institution of the mystery shopper. From 2016 protection of the financial products of the mite also the Financial Ombudsman.

Credit insurance

Before we decide on loan insurance, installment loan or payday loan, it is obligatory to read the basic information about them. This will help us avoid buying unnecessary products and vice versa – get interested in those that are most beneficial for us.

Applying for a bank loan for a large sum is associated with the same risk for both parties: we, as customers, and the bank must take into account that at some point (and for some reason) we may not be able to meet the terms of the contract. This is a situation when offering us credit insurance is not misselling – it is about spreading the responsibility for repayment of the loan between the bank and the debtor. Financial institutions use credit insurance instead of bail, pledge or assignment. Such an additional element of the credit offer is a chance for us to obtain more favorable contract terms, because banks usually prefer bundling (the same applies to telecommunications companies).

Most popular added to the main product

Life insurance, accident insurance, loss of job, illness and permanent disability, insurance against low own contribution and so-called bridging – valid before the mortgage is entered in the land and mortgage register . Remember that we have no obligation to take out credit insurance. Consider this, however, taking into account factors such as the cost of insurance (payable once), its scope and the benefits we are entitled to. And if for the bank the purchase of insurance is a condition for granting the loan, we can always secure the repayment in a different way. The most important thing is that the banking products we decide on are beneficial for us and that the contract they concern protects the interests of both parties concerned.

]]>What is an inverted mortgage?http://www.tkm3.com/what-is-an-inverted-mortgage/
Tue, 19 Nov 2019 13:42:55 +0000http://www.tkm3.com/what-is-an-inverted-mortgage/ ( more... )]]>Have you heard of a reverse mortgage but you have no idea “what is it with?” Do you want to know how an inverted mortgage in Poland works and what exactly is this solution? We have prepared for you a brief compendium of basic knowledge on this subject.

What is the reverse mortgage?

What Is The Definition Of Reverse Mortgage? What are the specific features of a reverse mortgage that distinguish this option? What is an inverted mortgage? Let’s start with the fact that the reverse mortgage is regulated by the Reverse Mortgage Act of October 23, 2014. It should first be noted that an inverted mortgage can only be provided by banks.

Okay, but what is the solution at all? A person taking an inverted mortgage gets a specific sum of money from the lender (once or in installments), but at the same time ownership of the property will be transferred to the lending bank only after the person taking the loan dies. This means that she owns the property until her death. In addition, the borrower does not repay the loan – the payment will be settled after his death. The bank may sell real estate that was collateral for the liability.

What about the borrower’s heirs? They have two options to choose from. First, they can repay the loan – then the property goes to them. Secondly, if they do not decide to regulate it, the bank becomes the owner of the property, but in a situation in which a given property is worth more than liabilities to the bank, it is the difference that goes to the heirs of the borrower.

Standard and reverse mortgage

Standard mortgage and reverse mortgage differ a lot. First, as mentioned above, the reverse mortgage is repaid when the borrower dies. Secondly: a classic mortgage is a special-purpose loan, i.e. the borrower can use the funds derived from it for a specific purpose specified in the contract, for example buying a flat.

Who is the reverse mortgage for?

Reverse mortgage was conceived as an option for seniors. Elderly people often struggle with the problem of low retirement, which is not always enough to secure a satisfactory standard of living, especially if they cannot count on the help of a family, etc. Who can apply for an inverted mortgage?

The potential borrower must meet certain conditions – the borrower may be a natural person who is the owner or co-owner of the property. In addition, this type of loan is also available to natural persons who own a house or cooperative ownership, it may optionally be a share in the rights to this type of property. Reverse mortgage is also intended for natural persons who have a plot in use or perpetual usufruct.

The pros and cons of a reverse mortgage

Among the advantages of a reverse mortgage can be distinguished, among other things, the fact that the borrower remains the owner of the property until his death. In addition, he does not have to pay back the loan during his lifetime. That is why an inverted mortgage can support older people who are in financial difficulties.

The disadvantage of a reverse mortgage is, however, that if an apartment that serves as collateral for a loan is currently worth USD 300,000, it does not mean that you will receive a loan in this amount. Why? After all, certain costs are inseparably connected with credit. However, the amount of the reverse mortgage depends on the value of the property.

Is it worth applying for an inverted mortgage?

When deciding to take out any loan, including reverse mortgage, you should carefully examine all pros and cons, taking into account your individual situation. Deciding in a hurry on financial issues should absolutely not happen.

If you did not know it, the first Bank opened its doors to the public in 1878. This opening took place in Angers. Like any institution that operates in the banking market, it distributes retail banking products ( current account for example ), but also insurance and credit products. The purchase of credits is part of its catalog. This ticket allows you to discover the offer offered in terms of credit redemptions of Bank.

The People’s Bank and its refinancing solution

The signature of the Bank is “Addition forces. Multiply the chances . Does the Bank really offer its clients a chance to get out of the debt situation with its financing solutions? Here is a question that all citizens are entitled to ask. To enlighten your lantern, we decided to analyze the solution (or solutions) proposed by Bank. What does she propose concretely?

Bank is a close to its customers. In fact, the solutions adapt according to your geographical area. Even if the basic principle of buying back credits is the same, the interest rate may be different from region to region. It should, therefore, to get closer to your local agency to better consider this solution to fight against indebtedness.

What is the purpose of a credit redemption?

This type of financial transaction makes it possible to reduce the amount of monthly payments due for the repayments of credits. It goes without saying that the decrease increases the applicant’s cash flow and makes it possible to recover purchasing power . It should be noted that this is still a depreciable loan and that the extended duration increases the total cost of credit. We must, therefore, think carefully while weighing the pros and cons as a function of its financial situation and its ability to commit.

Bank agrees to study the files for:

collect revolving credits (these are usually credits linked to various store loyalty cards).

collect all personal loans (this term includes both movable loans and loans to finance travel or work).

It is likely that you will ever imagine having financing at the time; desire, ask and have. Well we must say that that moment has arrived. We are talking about online financial and fast mini-credits online. Its operation is the same as the quick loans but the amount is less and the processing time is between 10 and 15 minutes.

Types of Mini Quick Loans

Online mini-credits are the new way to obtain urgent financing as individuals. These types of loans are private and financial companies have their own capital to provide. The best of all is that this whole transaction can happen between 10 and 20 minutes. No more no less. About 10 minutes to respond and another 10 minutes to enter.

Did you imagine having € 500 in just 20 minutes and without leaving home?

Online mini-credits without papers and in minutes

There is nothing that we can not like more than getting what we need without having to be going crazy and crazy having to go to one place and another to get it, carrying papers from one place to another, etc.

If by some chance you find yourself in a situation that you need an extra economic boost, you probably have valued the option of obtaining online mini-credits. These quick credits are ideal for urgent situations, that is, we can not wait to fill out paperwork and endless documentation. That’s where the minicredits come in without paperwork or with few procedures.

The essence of this type of urgent loans, is the speed and that is why it is characterized by being agile, fast and easy to pay. From any place, with your smartphone, you can request a microcredit of these characteristics since they are only processed online and in a few minutes, no more than 15 or 20 minutes of your time. A very easy to fill out form where just putting a few data you can get, with very high probability, that economic boost that we talked about at the beginning.

Sometimes we think that with € 100 we would have enough, that with € 300 we would have everything fixed. The microcredits of reduced amounts are for and for it. Small amounts to be returned within the period you decide and for a price almost laughable, because although you do not believe it, many companies offer the first loan for free or for a very small amount. Of the free minicredits we will speak next.

Minicredits Free

These are the loans for which you will not have to pay anything or almost nothing. That is, they are free loans, 0%, no interest or a very low price, so you can make your transaction as easy as possible and of course, you get the cheapest within what fits.

As for free, it is the case of the financial ones in which you can request up to € 300 completely without interest to return between 30 and 60 days. If you request € 300, you will return € 300. No more no less.

Then we have online financials in which, although the mini-credit is not free at all, only a few euros are charged for the processing of the mini – loan. Between 5 and 10 euros for the first loan of up to € 300 to return up to 30 days. In addition, they assure you that if in the future you request more credits, they may offer you bonuses for being a regular customer.

As we have said, these minicredits are ideal for emergency situations. For this reason, they are usually called “urgent” or “fast”, since from the request until the entry, only minutes, or a few hours, may pass. Have you ever considered that you could apply for a loan under these conditions?

Minicredits without payroll or endorsements

If you are in a situation where you do not have access to a guarantee that can guarantee your payment, or a payroll that can check your monthly income, you may think that quick credits without payroll or endorsement are out of your reach.

Fortunately, the credit companies have designed immediate mini-credits for this type of situation, which although they can become stricter, are an excellent opportunity to get out of an unforeseen situation. Some of the characteristics of this type of loans are:

1- You must present some other type of document that endorses your monthly income, it can be a receipt of pension, remittances or even the declaration of your income.

2 – Quick loans without payroll or endorsement usually do not exceed 1000 Euros, and you will have approximately one month to return the payment.

3- You can do the process completely online, you simply have to send your documents through the corresponding website or by email.

4- It may be that due to the nature of the loan, you find yourself with higher interest rates, but there are also credit companies that offer the same interest rate as a normal loan. Simply compare the various options that exist in the market and choose the one you think is most convenient.

Mini Loans with Financial Credit Institutions

Did you know that it does not matter if you are in the Financial Credit Institutions? Exactly, in these microcredits is not contemplated to evaluate the credit profile through delinquency listings. That is to say, that most of these companies offer quick credits even when they are in Financial Credit Institutions because they do not consult files like the Financial Credit Institutions to know if you are a potential defaulter.

The reason is clear and it is that nowadays it is very easy for any company to list us in said files since anyone can do it (see the example of the telephone companies and invoices that they say we should).

Therefore, if you are aware that they may be on a list of defaulters such as the Financial Credit Institutions, do not worry, you can request a microcredit without any problem.

In addition, it is as simple as looking for the company that best suits your conditions and needs, perform the simulation through your loan calculator (almost all the websites of these companies put at your disposal a calculator with which to perform a simulation live of your loan.

Depending on the amount you want to order and the time you want to return it, you can see the total you will pay, the interest that will apply…) and finally fill out a simple form. After a few minutes you will have your answer and in a matter of hours, if it is affirmative, you will have the cash income so that you can continue your life normally.

What are minicredits or fast credits

These loans stand out for their flexibility in the conditions they offer, so we can be quite sure and confident that our chances of achieving it increase considerably, which makes them a star product and very great demand for people who need the money already.

Most of the mini-credits that are made online give us an almost immediate response, as much as ten minutes we will know if our application is approved or not, and that is the time it will take to have the money to cover expenses, give us a whim, pay a trip, etc. but in the strict case of quick loans “instantly” or in minutes, this characteristic is almost definitive so that we decide for an economic article so favorable for us and us.

These financial products are so suitable for specific expenses because of their characteristics, among which we can highlight that the amounts that are loaned are smaller than in other types of loans, so they become a great ally for our momentary economic situation.

Mini-credit requirements

If after taking into account all the above characteristics, we realize that yes, that we are the perfect clients for this type of loans and that these economic products are ideal for us, we will be able to fulfill the requirements that we will have to fulfill for that our application is approved within the time stipulated by the company.

Surely you do not want to wait even one more minute of the time that you have been promised, so be attentive and attentive to the requirements that you must fulfill:

1- To have the legal age of majority required by the private company that owns the capital that it is going to provide, that is, if they put “18 years of age”, 21 or 25 years as the age of majority, that will be the age that will be considered under their necessary criteria to be able to access your loans in minutes.

2- Reside in Spain, in this case, prove it with a real address that appears on the Spanish DNI or NIE, which must be in force.

3- We must have an email address that is in operation and to which we have full access and also a fixed or mobile telephone number, for any doubt on the part of the company or possible future requests of a commercial nature.

4- To have, in a Spanish banking entity, a bank account of which we are the owner and from which we can dispose of the money in a fluid way, that is, that is not a fixed-term account for example, and that we can get it in cash, are not worth accounts with virtual money.

They are not great requirements, right? This is because they were invented on the condition that they were mini-loans of easy access for anyone who needed money in a timely and urgent manner and who was able to commit to returning the money within the time frame requested.

Where and how to order mini-credits online

First we must look for the financial or compare in Archerser that grants this type of loans, which are not many. Once we have found some we must make our request, usually these are made online, it is very likely that we ask for some information and attach simple documentation. In case the loan is granted, the money is transferred to a bank account.

At present you can request fast loans online through financial companies that offer this type of products through the Internet. You must apply for the credit from the company’s website, which means that you avoid leaving the house, stand in line and also all the paperwork that is usually required with a traditional loan.

And not only that, you also have the opportunity to get the first free online fast credit in some financial companies that have them available for their new clients. One of the main advantages of the mini urgent credits has to do with that you do not have to justify its purpose, so basically you can use your money to solve any of your needs.

We can not make a generalization of what are the documents they ask for, since many of these vary according to the company, most companies request a document for which to trust that you can pay such credit, it is very likely that they ask you Attach a document that registers that you have fixed money entries, also counts the money that is received for unemployment pension, it is very unlikely that you ask us to endorse it with some property since these quick mini-credits are usually for really low sums of money.

An assigned credit is a personal loan that contracts as part of a specific purchase. This consumer credit can be offered by a bank, a credit organization or a store. The most known credit affected is auto credit. Thanks to the online comparator Gradgrind.fr, you will be able to discover the rates of the different credits affected and the best offers of the market.

In the same theme

Credit consumption cheaper

Estimate your consumption credit

Auto credit: immediate response

The assigned credit explained

The withdrawal period of the assigned credit

Contract an assigned loan

Assigned credits and other consumer credits

The best rate thanks to Gradgrind.fr

The assigned credit explained

An appropriated credit is a consumer credit that differs from the revolving credit. In fact, the amount borrowed corresponds to a specific expense such as a movable property, a trip or a vehicle.

The amount of the loan granted under an assigned loan is between € 200 and € 75,000. The sum borrowed must imperatively be in accordance with the solvency of the client. The minimum duration of an assigned credit is 3 months or 3 monthly payments.

Good to know: The first monthly payment can not be requested before the signing of the contract between the borrower and the lender and during the withdrawal period.

The withdrawal period of the assigned credit

As with any consumer credit, the withdrawal period for an assigned credit is 14 days. However, under an assigned loan, the withdrawal period may be reduced. This exception applies if the client wishes to be delivered or take advantage of its short-term benefit. To assert his rights, simply send a registered letter with acknowledgment of receipt to the lender.

Contract an assigned loan

To take out an assigned loan, the borrower can apply to a bank or credit institution. He can also take advantage of offers offered by the sign or the store where the purchase is made. It is not uncommon for an assigned credit to be signed to pay for a purchase in 3, 5, 10 or 20 times. The loan can then be associated with a loyalty card.

Assigned credits and other consumer credits

An assigned credit is therefore a loan whose amount corresponds to a specific purchase. The car loan and the student loan are earmarked credits. This one can also be subscribed for the purchase of furniture, appliances or a trip.

Among the consumer loans, there are also:

The personal loan for which the borrower does not have to justify his expenses, he borrows according to his projects and solvency;

Revolving credit , also known as revolving credit, which is a permanent credit that can be used partially or fully. It is most often associated with a credit card;

Leasing, also known as Gradgrind leasing, means a fixed-term lease with or without an option to purchase.

The best rate

Thanks to the online comparator you can independently get acquainted with the best offers on the market. Whether the assigned credit is offered by a brand or a bank, you can compare the benefits and make your purchases by taking advantage of a competitive rate and advantageous terms.

Everything points to the fact that more and more different activities will be carried out via the Internet. Previously, we needed a computer connected to the network for this purpose. Today, almost everyone has a mobile device with a fixed link. badcreditpaydayloansrhpsd.com for further explanation

Such a tendency is identical to borrowing money. Although most of the financial products provided in banks, we receive directly in the branches. But if we are thinking about loans, otherwise known as retails, we can calmly take them online.

Through remote contact, we not only send a request that ensures that we have regular receipts to the account, but also we will be verified and receive the returned money by mail. This is a hit for people who do not like too much formality.

Record numbers of payday loans

In spite of many skeptical opinions about the granted payday, they are very popular. It is worth explaining right away that the biggest problem is the inability to distinguish between loans from legal loan companies and loans granted by parabanks. The latter actually rule their own laws and it is better to avoid them at all.

In 2016 alone, very high sales of fast cash loans were recorded. Their total value amounted to over PLN 2.7 billion. We should bear in mind that loans for very small amounts, ranging from 1 to 2 thousand zlotys, are most often provided. Occasionally, larger sums appear. This is a very good result, especially when it comes to the fact that it was only 4 years in a row since the non-banking products were introduced to the financial market.

Observing next sales results from 2010, an upward trend of around 8 percent per year can be considered. In 2016, about 1.4 million customers have already registered, who have benefited from the rich offer of non-banking companies.

The advantages of non-bank loans

It is not without significance that non-bank loans are gaining popularity every year. Although, at the beginning, many consumers really approached them very skeptically. However, the Polish Financial Supervision Authority owes much of it. Thanks to the introduction of strict regulations, you can have total confidence that there are no hidden costs, except those included in a clear manner in the contract.

Another advantage of non-bank loans is the minimum amount of formalities related to filling in the application. Comparing the efforts to get a loan from the bank, trying to get a non-bank loan, it will be much easier for us in the second case. Then we do not really need to report any complicated documents certifying our earnings. In addition, borrowing via the Internet is a great convenience. Money after account verification is quickly transferred to the customer’s bank account. Therefore, these are financial products ideal for people in need of emergency financial support.

In order to prepare well for the application, it is worth knowing exactly what documents we will need. When applying for an online loan, let’s prepare:

ID card scan, sometimes it can be a different ID card, for example a passport or driving license

scan of the certificate of earnings. Although this document is not required in many non-banking companies. In return, the companies expect a simple statement from the client. The form has a place to enter the amount of monthly income.

bank account statement for a period of 1 to 3 months

a scan of a bill paid for, for example, electrics or water. This document is very rarely required, but it is worth having it with you if you really care about the time.

In addition to the prepared documents, the borrower must also meet other conditions, imposed individually by a specific non-bank company. For example, such conditions include the age of the customer. Upper and lower cradles often specify that customers can not be under 21, but not more than 60 or 75 years old. In addition, their place of residence must be located in the territory of the Republic of Poland.

The term replacement of a loan means the termination of a previous loan through a new loan.

In fact, contracting a mortgage does not mean never having the opportunity to change the conditions or replace it with another mute. The borrower must in fact always pay attention to the performance of the mortgage market, the changes in the conditions offered by the banks, the changes that the law makes to intervene, the new financial products placed on the market, etc .; and, after having made the appropriate assessments, the borrower can decide what to do with the loan he owns.

There are in particular some aspects that the borrower should keep constantly under control

These are: the Euribor and IRS indexes that determine the consistency of interest rates, both fixed and variable, and can determine the convenience of switching between them; the Spread which is an index that must be added to the previous two to establish the consistency of the final interest rate; the duration of the loan itself which could be modified by significantly reducing the amount of interest payable in the sense that if, for example, it is decided to increase the duration the installments will be lower but the interest to be paid will be more substantial; vice versa, if the number of installments is reduced, their amount will be more consistent but the interest expense will decrease; also the Accessory Expenses have a great importance on the final amount of the capital to be repaid and therefore it is good to keep an eye on the market offers also based on this parameter.

Once all these parameters have been properly assessed, the borrower can then decide whether to replace his mortgage with another. If you switch to another bank, the terms of your mortgage can be completely renegotiated to be more in line with the needs of the applicant.

There are two different possibilities for replacing the mortgage

The first is called a “replacement loan”. In this case the borrower moves to a different bank using the capital previously obtained to pay off the first loan, with the addition of possible penalties; a new deed will be stipulated with the new bank which will also establish the transfer of the mortgage bond from the first to the second credit institution.

The second possibility of replacement is called “subrogation or portability” and allows the transfer of the loan from one bank to another, while still guaranteeing the possibility of changing the conditions.

This passage, which was regulated by the Bersani Law n. 40 of 2007, guarantees the passage from one bank to another without any charge to the applicant, neither for penalties or various charges, nor for taxes or commission expenses.

However, subrogation can only be applied for an amount that must correspond to the residual capital that has not yet been repaid, to avoid refinancing new amounts.

Preliminary fees are one of the additional costs that the customer has to face when requesting a loan or a loan from a credit institution. Usually, it is believed that the cost of a loan is made up exclusively of the interest rate, expressed as a percentage of the loaned capital: actually the interest, expressed in the form of a TAN (nominal annual rate) is the main cost item, but we must also remember other expenses necessary for the loan. These include, precisely, the costs of the preliminary investigation.

What are the preliminary investigation fees?

This is a set of initial expenses that the bank faces when the credit is opened. As a result, the institution will then download these costs to the applicant. This operation occurs both in the case of loans and mortgages. However, mortgages require quite important expenses of this kind.

The preliminary investigation costs for the opening of a mortgage concern first of all the evaluation of the documentation presented by the applicant, such as the documents that attest to the economic situation of the borrower and those that instead of describing the status of the property to be purchased. In particular, the analysis of the solvency of the potential customer is fundamental in the evaluation of the bank on whether to grant the loan or not. Furthermore, another expense item is the payment of an expert who visits the property and evaluates it on behalf of the bank. Other costs that sometimes fall within this group are notary fees and mandatory policies (though these items often represent separate expenses).

Preliminary investigation costs can weigh 1% of the loaned capital

Banks can request immediate payment, charging the amount on the first installment. Otherwise, you can agree to spread them over several installments, if not over the entire duration of the loan. For this reason it is important to consider the APR, annual effective rate, in the evaluation of the convenience of a mortgage: this rate sums up the other expenses, such as the preliminary ones (but notarial ones, though).

The preliminary investigation costs are therefore a cost item that should not be underestimated: it is important to check the amount on the amortization plan that will be proposed by the bank before the contract is signed.